Waiting For The Saudis To Shut Down The Biggest Gasoline Refinery In America

[hatrack]

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Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in coordination with some” other states. Saudi allies including Kuwait and the United Arab Emirates said Sunday that they would also continue their reductions.

That “other state” would be their OPEC+ partner Russia, which also announced last weekend a simultaneous production cut of 471,000 barrels a day. Putin wants Trump back in the White House, too. This time, though, because Trump refused to block the sale of America’s largest gasoline refinery to Saudi Arabia in 2017 (completed in 2019 with Trump’s blessing), no matter how much oil Biden releases from the reserves will be irrelevant: if the Saudis shut down their Port Arthur, Texas refinery this October “for maintenance,” US gasoline prices will explode.It’s the largest refinery in America, as Foreign Policy magazine noted in May 2017:

That alone is enough to radically swing gasoline prices in the US.So, get ready: it’s coming this fall. And unless the administration acts quickly, there will be nothing they can do about it. Gas at $6 a gallon could easily throw the election to Trump, as Biden will take the blame (just like in November 2022) and Fox “News” and rightwing hate media will hang gas prices around his neck like a flaming tire.

MBS and his sovereign wealth fund have funneled literally billions of dollars into the Trump family, between Jared’s investment company and Trump’s golf courses and the LIV Tour, in addition to giving Trump himself additional hundreds of millions over the years renting and purchasing Trump properties. During Trump’s presidency, MBS funneled additional millions directly into the Trump family’s pockets via Trump’s DC hotel and NYC properties in clear violation of the Emoluments Clause of the US Constitution.

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https://thinc.blog/2024/03/16/petrostates-fear-a-fossil-free-future/#more-96325